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Income Tax - Highlights / Catch Notes

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Addition on account of interest on seed money - CIT(A) that ...


Interest on Seed Money Added to Taxable Income Due to Lack of Payment by Assessee, Confirms CIT(A) Decision.

September 20, 2022

Case Laws     Income Tax     AT

Addition on account of interest on seed money - CIT(A) that where any amount has actually paid by the assessee to the State Government that would be allowed as expenditure in the year it is actually paid and give that no amount has been paid by the assessee during the year, the AO was fully justified in adding interest received on seed money - additions confirmed - AT

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